Bull Harbor Capital LLC Invests $663,000 in Carnival Corporation $CCL

Bull Harbor Capital LLC purchased a new position in shares of Carnival Corporation (NYSE:CCL) during the first quarter, Holdings Channel reports. The firm purchased 25,615 shares of the company’s stock, valued at approximately $663,000.

Several other large investors also recently bought and sold shares of the business. Auto Owners Insurance Co grew its holdings in shares of Carnival by 2,954.0% in the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock valued at $60,625,000 after purchasing an additional 19,201,000 shares during the period. Viking Global Investors LP purchased a new position in Carnival during the fourth quarter worth about $429,448,000. Pacer Advisors Inc. boosted its holdings in Carnival by 2,432.8% in the 4th quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock valued at $204,311,000 after purchasing an additional 6,425,822 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Carnival by 99.6% in the 3rd quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock valued at $351,535,000 after purchasing an additional 6,066,336 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Carnival by 1,619.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company’s stock valued at $156,740,000 after buying an additional 4,833,723 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

CCL stock opened at $27.79 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $38.06 billion, a PE ratio of 12.52, a P/E/G ratio of 1.23 and a beta of 2.32. Carnival Corporation has a 12-month low of $23.45 and a 12-month high of $34.03. The business’s fifty day moving average price is $27.72 and its 200 day moving average price is $27.92.

Carnival (NYSE:CCL) last announced its earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.Carnival’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. On average, sell-side analysts anticipate that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. Carnival’s dividend payout ratio (DPR) is presently 27.03%.

Insider Buying and Selling at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the sale, the insider directly owned 69,238 shares of the company’s stock, valued at $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCL shares. Stifel Nicolaus increased their price objective on Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. TD Cowen increased their price target on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Citigroup raised their price objective on Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Susquehanna boosted their price objective on shares of Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings cut shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and an average target price of $35.08.

Carnival Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.